PKO Investment Management Joint Stock Co Sells 3,400 Shares of Cameco Corporation $CCJ

Key Points

• PKO Investment Management Joint Stock Co reduced its holdings in Cameco Corporation by 22.7%, selling 3,400 shares and leaving it with 11,600 shares valued at $858,000.
• Institutional investors hold approximately 70.21% of Cameco's stock, with several hedge funds, including Bison Wealth and Wealth Enhancement, recently increasing their positions.
• Cameco's stock has received multiple positive ratings from analysts, with a consensus target price of $89.55 and a recent earnings report indicating a 46.7% year-over-year revenue increase.

PKO Investment Management Joint Stock Co cut its holdings in Cameco Corporation (NYSE:CCJ - Free Report) TSE: CCO by 22.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,600 shares of the basic materials company's stock after selling 3,400 shares during the period. PKO Investment Management Joint Stock Co's holdings in Cameco were worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. Bison Wealth LLC increased its position in Cameco by 16.1% in the 4th quarter. Bison Wealth LLC now owns 21,448 shares of the basic materials company's stock valued at $1,102,000 after buying an additional 2,975 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Cameco by 30.4% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 8,183 shares of the basic materials company's stock worth $337,000 after buying an additional 1,908 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Cameco by 4.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 75,031 shares of the basic materials company's stock valued at $3,088,000 after buying an additional 2,993 shares during the last quarter. Moran Wealth Management LLC lifted its stake in Cameco by 11.2% during the 1st quarter. Moran Wealth Management LLC now owns 48,636 shares of the basic materials company's stock valued at $2,002,000 after acquiring an additional 4,915 shares in the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake in Cameco by 6.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 82,939 shares of the basic materials company's stock valued at $3,414,000 after acquiring an additional 4,807 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CCJ has been the topic of several recent analyst reports. Scotiabank restated an "outperform" rating on shares of Cameco in a research note on Tuesday, July 8th. National Bankshares reiterated an "outperform" rating on shares of Cameco in a research note on Friday, August 22nd. Wall Street Zen raised Cameco from a "hold" rating to a "buy" rating in a research report on Sunday, October 19th. UBS Group set a $102.00 target price on shares of Cameco in a report on Tuesday, September 9th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Cameco in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $89.55.

Cameco Trading Up 2.1%

Shares of NYSE:CCJ opened at $88.11 on Friday. The company has a market cap of $38.36 billion, a P/E ratio of 101.28 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.96 and a quick ratio of 2.00. Cameco Corporation has a 1 year low of $35.00 and a 1 year high of $97.79. The stock's fifty day moving average price is $82.08 and its 200-day moving average price is $68.95.

Cameco (NYSE:CCJ - Get Free Report) TSE: CCO last announced its quarterly earnings results on Thursday, July 31st. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.22. The firm had revenue of $467.72 million for the quarter, compared to the consensus estimate of $819.79 million. Cameco had a return on equity of 8.21% and a net margin of 14.97%.The company's quarterly revenue was up 46.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.14 earnings per share. Cameco has set its FY 2025 guidance at EPS. Sell-side analysts expect that Cameco Corporation will post 1.27 earnings per share for the current year.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.

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